BRIEF-Chongqing Machinery says disposal of 65% equity interests in Chongqing Shenjian

April 6 (Reuters) - Chongqing Machinery & Electric Co.

Ltd-:

* Voluntary Announcement Disposal Of 65% Equity Interests In

Chongqing Shenjian

* Chongqing machine tools , a unit, and zhejiang shuanghuan

driveline co., ltd. Entered into an equity transfer agreement

* Upon completion of transaction, company will still

indirectly hold 35% equity interest in chongqing shenjian

* Shuanghuan driveline has agreed to acquire 65% equity

interest in chongqing shenjian at consideration of rmb103.2

million

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